Computer-implemented methods, program product, and system to enhance banking terms over time

ABSTRACT

Managing access to a line of credit, for example, can include a financial institution computer determining eligibility for a line of credit program responsive to a consumers prior enrollment in a prepaid card program and one or more of the following: the consumer&#39;s historical direct deposit data, and data associated with the consumer&#39;s historical behavior in the prepaid card program. The financial institution computer can extend an amount of available credit to the consumer through the line of credit program so that a consumer credit limit is capped through underwriting criteria to ensure that no more than a predetermined percentage of a consumer&#39;s historic direct deposit amount is required for minimum repayments. The financial institution computer can further receive loan repayments over one or more predetermined direct deposit periods and change the consumer credit limit by preselected increments responsive to a change in the consumer&#39;s direct deposit amount.

RELATED APPLICATIONS

This application is a continuation of and claims priority and thebenefit to U.S. patent application Ser. No. 12/338,712, by Sorbe et al.,titled “Computer-Implemented Methods, Program Product, and System toEnhance Banking Terms Over Time,” filed Dec. 18, 2008, which claimspriority to and the benefit of: U.S. Provisional Patent Application Ser.No. 61/016,213, by Sorbe et al., titled “Transfer Account Systems,Computer Program Products, and Associated Methods” filed Dec. 21, 2007;U.S. Provisional Patent Application Ser. No. 61/052,454, by Sorbe etal., titled “Transfer Account Systems, Computer Program Products, andMethods to Prioritize Payments from Preselected Bank Account” filed May12, 2008; U.S. Provisional Patent Application Ser. No. 61/029,975, bySorbe et al., titled “Methods To Advance Loan Proceeds On Prepaid Cards,Associated Systems and Computer Program Products” filed on Feb. 20,2008; U.S. Provisional Patent Application Ser. No. 61/042,612, by Ahlerset al., titled “System, Program Product, and Associated Methods ToAutodraw for Micro-Credit Attached to a Prepaid Card” filed on Apr. 4,2008; U.S. Provisional Patent Application Ser. No. 61/042,624, by Croweet al., titled “System, Program Product, and Method To Authorize Drawfor Retailer Optimization” filed on Apr. 4, 2008; U.S. ProvisionalPatent Application Ser. No. 61/032,750, by Ahlers et al., titled“Methods, Program Product, and System for Micro-Loan Management” filedon Feb. 29, 2008; U.S. Provisional Patent Application Ser. No.61/060,559, by Gant et al., titled “Methods, Program Product, and Systemto Enhance Banking Terms Over Time” filed on Jun. 11, 2008; U.S.Provisional Patent Application Ser. No. 61/082,863, by Ahlers et al.,titled “System, Program Product, and Method For Debit Card and CheckingAccount Autodraw” filed on Jul. 23, 2008; U.S. Provisional PatentApplication Ser. No. 61/053,056, by Galit et al., titled “System,Program Product, and Method For Loading a Loan On a Pre-Paid Card” filedon May 14, 2008, all of which are each incorporated herein by referencein their entireties. This application also relates to U.S. patentapplication Ser. No. 12/338,365, by Sorbe et al., titled “TransferAccount Systems, Computer Program Products, and AssociatedComputer-Implemented Methods” filed on the same day as this application,Dec. 18, 2008; U.S. patent application Ser. No. 12/338,402, by Sorbe etal., titled “Transfer Account Systems, Computer Program Products, andAssociated Computer-Implemented Methods” filed on the same day as thisapplication, Dec. 18, 2008; U.S. patent application Ser. No. 12/338,440,by Sorbe et al., titled “Transfer Account Systems, Computer ProgramProducts, and Associated Computer-Implemented Methods” filed on the sameday as this application, Dec. 18, 2008; U.S. patent application Ser. No.12/338,584, by Sorbe et al., titled “Transfer Account Systems, ComputerProgram Products, and Computer-Implemented Methods to PrioritizePayments from Preselected Bank Account” filed on the same day as thisapplication, Dec. 18, 2008; U.S. patent application Ser. No. 12/338,465,by Sorbe et al., titled “Transfer Account Systems, Computer ProgramProducts, and Computer-implemented Methods to Prioritize Payments fromPreselected Bank Account” filed on the same day as this application,Dec. 18, 2008; U.S. patent application Ser. No. 12/338,684, by Ahlers etal., titled “Computer-Implemented Methods, Program Product, and Systemfor Micro-Loan Management” filed on the same day as this application,Dec. 18, 2008, all of which are each incorporated herein by reference intheir entireties.

FIELD OF INVENTION

The present invention relates generally to the financial service andbanking industries, and, more particularly, to systems, programproducts, and associated computer-implemented methods for providing amicro-loan product to prepaid cards and for managing access to a line ofcredit for a prepaid card.

BACKGROUND

It is known that tens of millions of consumers in the United States haveeither limited or no access to traditional credit, either as a result ofpoor or limited credit history. it is further known that millions ofprepaid cards are issued each year in the United States. It is alsoknown that many of the consumers with prepaid cards rely primarily oncash and a prepaid card account for their personal finances; theseconsumers, for example, often do not have a traditional checking,savings, or other bank deposit account, and they usually do not writechecks. It has been acknowledged by many that those without bankaccounts and who often rely on prepaid cards may be underserved, Theseconsumers are typically not easily able to access credit throughtraditional banking channels, though they may have an ongoingrelationship with a prepaid card issuer, for example.

It is recognized that short-term lending is a $20 billion plus per yearindustry, and some industry experts believe an appropriate manner ofoffering micro-lending may be through a federal bank, especially tothose underserved, such as those not having a checking account or otherbank deposit account. Yet there can be many obstacles to those beingunderserved to using a federal bank or any bank for that matter, basedon, for example, lack of effective bank products, risks associated withbank products, use of FICO scores to determine credit availability, andcosts to those being underserved does not, or is not perceived to,outweigh the benefits for use of existing bank products.

As described in U.S. Provisional Patent Applications Ser. No. 61/032,750titled “Methods, Program Product, and System for Micro-Loan Management”filed on Feb. 29, 2008, Applicants have previously provided introductorymicro-lending and line of credit and products to those underserved bytraditional bank products. Yet those consumers with access to andexperience with non-traditional micro-lending and line of credit bankproducts, whether through a payroll prepaid card or similar program,however, may still be underserved by the terms available with theseintroductory products.

SUMMARY OF INVENTION

In view of the foregoing, Applicants have recognized a need for enhancedlending options, bank products, and prepaid card products for consumerswith access to and experience with micro-lending and non-traditionalline of credit bank products, whether through a payroll prepaid card orsimilar program. The embodiments of the present invention rewardresponsible behavior by the consumer with more favorable loan terms. Thepresent invention provides embodiments of systems, program products, andassociated computer-implemented methods for micro-loans, includingthrough and by use of prepaid cards, and bank product management andenhanced lending options for both banks and bank customers, as well asother financial institutions.

For example, Applicants have recognized a growing demand and need withinthe prepaid card industry to provide more favorable credit options toconsumers who have a payroll prepaid card and who demonstrateresponsible behavior with micro-lending and line of credit bankproducts. A payroll prepaid card is a prepaid card associated with arecurring direct deposit, e.g., an employer's payroll deposit, a federalor state government electronic benefits payment, an annuity, or otherstream of payments as understood by those skilled in the art. Ingeneral, eligibility for a payroll prepaid card requires verification ofa minimum age, e.g., 18 years or older, and a government screeningprocess, e.g., by the Office of Foreign Assets Control of the UnitedStates Department of the Treasury, to comply with federal regulations,such as, for example, the Patriot Act, as understood by those skilled inthe art. Applicants have also recognized that historical data associatedwith an introductory micro-lending and line of credit bank productassociated with a prepaid card can be analyzed to determine eligibilityfor enhanced products and programs with more favorable terms to theconsumer. This micro-lending and line of credit bank product, forexample, can provide loan funds only in one or more preselectedincrements with a fee associated with each increment, with repaymentthrough a direct deposit. This historical data includes, for example,the consumer's use of a line of credit associated with the introductorymicro-lending bank product, subsequent repayment history, and historicaldirect deposit information. According to embodiments of the presentinvention, a consumer exhibiting responsible behavior with theintroductory micro-lending and line of credit program for a certainperiod of time, e.g., six months, without late payments, defaults,delinquency, or other such irresponsible behavior as understood by thoseskilled in the art, can become eligible for a line of credit programwith loan terms more favorable to the consumer than an introductoryprogram. In addition, eligibility to the line of credit program can bedenied according to embodiments of the present invention if a consumerhas a prior charged-off line of credit or an outstanding, unpaidexisting line of credit. Advantageously, eligibility does not depend onNCO scores, as understood by those skilled in the art, which Applicantsfurther recognize as at least one source of the problem of creditavailability to those underserved by traditional bank products.

Embodiments of the present invention provide, for example, for theenrollment of a consumer in the enhanced line of credit program throughan on-line process. For example, a consumer can access a website orother computer program product from the bank or financial institution,located a computer server associated with the bank or financialinstitution, to enroll in the line of credit program using a browser orother software through a computer network, through a globalcommunication network such as the Internet or Web 2.0, or through acomputer program product stored on a tangible computer readable memoryor storage device, Having determined that a consumer is eligible, theenrollment process can include, for example, requesting an e-mailaddress from the consumer for statement purposes. In addition, theenrollment of the consumer in the line of credit program is responsiveto the consumer's acceptance of terms and conditions of the line ofcredit program. The terms and conditions of the line of credit programcan include a privacy policy as understood by those skilled in the art.The on-line enrollment embodiments of the present inventionadvantageously provide a convenient and cost effective way for aconsumer to register for the line of credit program with the bank orfinancial institution without having to enter a brick and mortarlocation during business hours.

Embodiments of the present invention provide, for example, for assessinga loan advance fee of a predetermined percentage, e.g., 10%, of thevalue of the advance so that the loan fee is proportional to the valueof the loan and for receiving loan repayments over one or morepredetermined direct deposit periods, e.g., 5 periods. In addition,repayment can include an electronic check drawn on the prepaid cardaccount. For example, a loan amount of $500 can have a loan advance feewith a predetermined percentage of 10% of the value of the loan;therefore, the loan advance fee can be $50 (10%×$500=$50). The total$550 ($500 principle+$50 fee) can, for example, be paid back in 5payments of $110 each, using an automatic electronic check. Asunderstood by those skilled in the art, the interest rate and otherrepayment terms of the embodiments of the present invention can be morefavorable and less expensive to the consumer than introductory line ofcredit products.

Embodiments of the present invention provide, for example, for receivingauthorization for an advance under the line of credit program from theconsumer so that the consumer authorizes all advances. There are noautomatic advances. Authorization can conveniently include a writtencorrespondence from the customer, a customer selection on a website, atelephone conversation with an interactive voice response unit (IVRU), atelephone conversation with a customer service representative, aninteraction using mobile phone, or a combination of these as understoodby those skilled in the art, allowing a customer to obtain a loanwithout the need to walk into a brick and mortar location. Similarly,embodiments of the present invention provide, for example, forcancelling an advance through a call to a customer service center.

Embodiments of the present invention provide, for example, for extendingan amount of credit to the enrolled consumer through the line of creditprogram defining a consumer credit limit. According to embodiments ofthe present invention, the consumer credit limit is capped throughunderwriting criteria to ensure that no more than a predeterminedpercentage of a consumer's historic direct deposit amount is requiredfor minimum repayments associated with the line of credit program. Inaddition, embodiments of the present invention can, for example, providefor a maximum allowable credit limit for a consumer that is less thanthe cap or ceiling determined by the underwriting criteria. For example,a consumer's historic direct deposit amount, or take home pay, can be$1100, paid twice a month. If the underwriting criteria is to ensurethat no more than, e.g., 20%, of take home pay is required for a minimumloan repayment, then under the line of credit program the consumer'sminimum payment can be up to $220 per pay period. For a typical loanperiod with 5 repayments, the consumer credit limit can be a total of$1,100 for principle and interest ($220) per pay period×5 payperiods=$1,100). If the loan advance fee has a predetermined percentageof 10% under the line of credit program, then the consumer credit limitcan be $1,000 for principle only.

Embodiments of the present invention provide, for example, for changingthe consumer credit limit. When the amount of the recurring directdeposit for the consumer changes, for example, by the consumer getting araise, by changing the amount of tax withholding associated with eachpaycheck, by wages being garnished by the employer, or other event asunderstood by those skilled in the art, the consumer credit limit can beadjusted accordingly according to embodiments of the present invention.Changes can occur in predetermined increments, e.g., $100 increments. Inaddition, embodiments of the present invention provide, for example, fornotifying the consumer of changes in the consumer credit limit throughe-mail, traditional mail, or both.

Embodiments of the present invention provide, for example, forsuspending access to funds under the line of credit program in the eventof a missed payment, an interruption in direct deposits, a negative cardbalance, a preselected threshold number of consecutive loans from theline of credit program within a preselected time period, or acombination thereof as understood by those skilled in the art. Asunderstood by those skilled in the art, the major risks to the lenderare that the customer loses or changes jobs prior to final loanrepayment or terminates the direct deposit to the prepaid card. Whilethe embodiments of the present invention reward responsible behavior bythe consumer with more favorable loan terms, the embodiments also denyaccess to the favorable terms in the event of irresponsible behavior,protecting the lender from further risk exposure and protecting theconsumer from the effects additional over-borrowing.

According to other embodiments of the present invention, the financialinstitution can be a federally chartered bank, and the line of creditprogram can be bank product so that the line of credit program complieswith federal Regulation Z, including monthly statements with all feesassessed, as understood by those skilled in the art. Advantageously,these embodiments provide consumer protection for the line of creditproduct, as well as monitoring, control, and management by a bank, whichcan be a significant benefit from the perspective of the customer,regulators, and public opinion through consumer activists.

For example, according to an embodiment of a computer-implemented methodof managing access to a line of credit for a prepaid card, thecomputer-implemented method includes determining eligibility for a lineof credit program from a financial institution responsive to aconsumer's prior enrollment in a payroll prepaid card program and one ormore of the following: the consumer's historical direct deposit data,and data associated with the consumer's historical behavior in thepayroll card program. The computer-implemented method also includesenrolling the consumer in the line of credit program through an on-lineprocess responsive to an acceptance of terms and conditions of the lineof credit program by the consumer. The computer-implemented methodfurther includes extending an amount of available credit to the enrolledconsumer through the line of credit program defining a consumer creditlimit. The consumer credit limit can be capped through underwritingcriteria to ensure that no more than a predetermined percentage of aconsumer's historic direct deposit amount is required for minimumrepayments associated with the line of credit program. Thecomputer-implemented method also includes receiving authorization for anadvance under the line of credit program from the consumer so that theconsumer authorizes all advances, assessing a loan advance fee of apredetermined percentage of the value of the advance, receiving loanrepayments over one or more predetermined direct deposit periods, andchanging the consumer credit limit by preselected increments responsiveto a change in the consumer's direct deposit amount.

In an embodiment of a program product stored in one or more tangiblecomputer readable media and readable by a computer, for example, theprogram product can operate to perform the various instructions whenread by the computer. The instructions include determining eligibilityfor a line of credit program from a financial institution responsive toa consumer's prior enrollment in a payroll prepaid card program and oneor more of the following: the consumer's historical direct deposit data,and data associated with the consumer's historical behavior in thepayroll card program, The instructions also include enrolling theconsumer in the line of credit program through an on-line processresponsive to an acceptance of terms and conditions of the line ofcredit program by the consumer and extending an amount of availablecredit to the enrolled consumer through the line of credit program. Theinstructions include receiving authorization for an advance under theline of credit program from the consumer no that the consumer authorizesall advances, assessing a loan advance fee of a predetermined percentageof the value of the advance, receiving loan repayments over one or morepredetermined direct deposit periods, and changing the consumer creditlimit by preselected increments responsive to a change in the consumer'sdirect deposit amount.

An embodiment of a system to manage access to a line of credit for aprepaid card, for example, includes a plurality of customer accessinterface devices and a remote computer server positioned to providecommunication with each of the plurality of customer access interfacedevices, being associated with a financial institution, and havingmemory. The system also includes program product stored in the memory ofthe computer server no that the program product operates to performvarious instructions, such as determining eligibility for a line ofcredit program from a financial institution responsive to a consumer'sprior enrollment in a payroll prepaid card program and one or more ofthe following: the consumer's historical direct deposit data, and dataassociated with the consumers historical behavior in the payroll cardprogram. The instructions also include enrolling the consumer in theline of credit program through an on-line process responsive to anacceptance of terms and conditions of the line of credit program by theconsumer, extending an amount of available credit to the enrolledconsumer through the line of credit program, receiving authorization foran advance under the line of credit program from the consumer so thatthe consumer authorizes all advances, and assessing a loan advance feeof a predetermined percentage of the value of the advance. Theinstructions also include receiving loan repayments over one or morepredetermined direct deposit periods and changing the consumer creditlimit by preselected increments responsive to a change in the consumer'sdirect deposit amount.

The benefits of the embodiments of the present invention include, forexample, providing a short-term borrowing alternative that is more costeffective than other expensive financial service products available andmore convenient to the consumer. Embodiments of the present inventionalso allow the combining of product enhancements with othercomplimentary enhancements and can continue to provide significantlyimproved services and credit products by banking or other financialinstitutions with the conveniences of traditional banking products.

BRIEF DESCRIPTION OF DRAWINGS

So that the manner in which the features and benefits of the invention,as well as others which will become apparent, may be understood in moredetail, a more particular description of the invention brieflysummarized above may be had by reference to the embodiments thereofwhich are illustrated in the appended drawings, which form a part ofthis specification. It is also to be noted, however, that the drawingsillustrate only various embodiments of the invention and are thereforenot to be considered limiting of the invention's scope as it may includeother effective embodiments as well.

FIG. 1 is a flow diagram of a computer-implemented method of managingaccess to a line of credit for a prepaid card according to an embodimentof the present invention;

FIG. 2 is a flow diagram of a computer-implemented method of managingaccess to a line of credit for a prepaid card according to an embodimentof the present invention;

FIG. 3 is a schematic diagram of a system to advance funds to a customerof a retailer according to an embodiment of the present invention;

FIG. 4 is a schematic diagram of a computer server having programproduct stored in memory thereof according to an embodiment of thepresent invention;

FIG. 5 is a schematic diagram of a program product according to anembodiment of the present invention;

FIG. 6 is a schematic diagram of loan set up flow according toembodiments of the present invention; and

FIG. 7 is a schematic diagram of a payroll processor system according toan embodiment of the present invention.

DETAILED DESCRIPTION OF INVENTION

The present invention will now be described more fully hereinafter withreference to the accompanying drawings, which illustrate embodiments ofthe invention. This invention may, however, be embodied in manydifferent forms and should not be construed as limited to theillustrated embodiments set forth herein; rather, these embodiments areprovided so that this disclosure will be thorough and complete, and willfully convey the scope of the invention to those skilled in the art.Like numbers refer to like elements throughout.

Applicants have recognized that historical data associated with anintroductory micro-lending and line of credit bank product associatedwith a payroll prepaid card, including a program that provides fundsonly in one or more preselected increments, can be analyzed to determineeligibility for enhanced products and programs with more favorable termsto the consumer. A payroll prepaid card is a prepaid card associatedwith a recurring direct deposit, e.g., an employer's payroll deposit, afederal or state government electronic benefits payment, an annuity, orother stream of payments as understood by those skilled in the art.Typically, payroll funds are loaded on the prepaid card or posted to theprepaid card by a prepaid card processor associated with the prepaidcard account. In general, eligibility for a prepaid card requiresverification of a minimum age, e.g., 18 years or older, and a governmentscreening process, e.g., by the Office of Foreign Assets Control of theUnited States Department of the Treasury, to comply with federalregulations, such as, for example, the Patriot Act, as understood bythose skilled in the art. The historical data includes, for example, theconsumer's use of a line of credit associated with the introductorymicro-lending bank product, subsequent repayment history, and historicaldirect deposit information. According to embodiments of the presentinvention, a consumer exhibiting a recurring income stream, i.e., directdeposits, for a certain period of time, e.g., six months, andresponsible behavior with the introductory micro-lending and line ofcredit program for a certain period of time, e.g., six months, withoutlate payments, defaults, delinquency, or other such irresponsiblebehavior as understood by those skilled in the art, can become eligiblefor a line of credit program with loan terms more favorable to theconsumer than an introductory program. In addition, eligibility to theline of credit program can be denied according to embodiments of thepresent invention if a consumer has a prior charged-off line of creditor an outstanding, unpaid existing line of credit. Advantageously,eligibility does not depend on FICO scores, as understood by thoseskilled in the art, which Applicants further recognize as at least onesource of the problem of credit availability to those underserved bytraditional bank products.

The embodiments of the present invention provide a consumer with a lineof credit product with higher credit limits with longer payback termsthan introductory products as an upgrade or next step in a ladder ofproducts for the consumer demonstrating responsible credit behavior. Theintroductory product can provide funds only in one or more preselectedincrements. The embodiments of the present invention do not limit drawsto the line of credit in increments, advantageously allowing a consumerto graduate from an increment line of credit product to a non-incrementline of credit product.

As illustrated in FIGS. 1-7, embodiments of systems 400, programproducts 308, 401, 500 and computer-implemented methods 100, 200 of thepresent invention can be provided through an electronic communicationnetwork 309 such as a global communication network like the Internet,World Wide Web, or Web 2.0, through a banking type of network, orthrough a retail, customer or intranet type of network as understood bythose skilled in the art. Program products 308, for example, can bestored on a computer server 307, 403 at bank or financial institution305 having memory and be accessible by a plurality of computers 301, andeach can have their own respective memory 303, as well as operatingsystem and browsing software or program product as desired and asunderstood by those skilled in the art, at bank customer locations,e.g., customer homes, office, and retail locations.

Embodiments of the present invention provide, for example, for theenrollment of a consumer in the enhanced line of credit program from abank, a financial institution, or a lending institution through anon-line process. For example, a consumer can access a website or othercomputer program product 401 from the bank or financial institution 305,located a computer server 307, 403 associated with the bank or financialinstitution 305, to enroll in the line of credit program using a browseror other software through a computer network 309, through a globalcommunication network such as the Internet or Web 2.0, or through acomputer program product stored on a tangible computer readable memoryor storage device. Having determined that a consumer is eligible, theenrollment process can include, for example, requesting an e-mailaddress from the consumer for statement purposes. The enrollment of theconsumer in the line of credit program further includes the consumer'sacceptance of terms and conditions of the line of credit program throughclicking on a button or other such mechanism as understood by thoseskilled in the art. The terms and conditions of the line of creditprogram can include a privacy policy as understood by those skilled inthe art. The on-line enrollment embodiments of the present inventionadvantageously provide a convenient and cost effective way for aconsumer to register for the line of credit program with the bank orfinancial institution without having to enter a brick and mortarlocation during business hours.

Embodiments of the present invention provide, for example, for assessinga loan advance fee of a predetermined percentage, e.g., 10%, of thevalue of the advance by the computer server 307, 403 so that the loanfee is proportional to the value of the loan and for receiving loanrepayments over one or more predetermined direct deposit periods, e.g. 5periods. In addition, repayment can include an electronic check drawn onthe prepaid card account. For example, a loan amount of $500 can have aloan advance fee with a predetermined percentage of 10% of the value ofthe loan; therefore, the loan advance foe can be $50 (10%×$500=$50). Thetotal $550 ($500 principle+$50 fee) can, for example, be paid back in 5payments of $110 each using an automatic electronic check. As understoodby those skilled in the art, the interest rate and other repayment termsof the embodiments of the present invention can be more favorable andless expensive to the consumer than introductory line of creditproducts.

Embodiments of the present invention provide, for example, for receivingauthorization for an advance under the line of credit program from theconsumer by the computer server 307, 403 so that the consumer authorizesall advances. There are no automatic advances. Authorization canconveniently include a written correspondence from the customer, acustomer selection on a website, a telephone conversation with aninteractive voice response unit (IVRU), a telephone conversation with acustomer service representative, an interaction using mobile phone, or acombination of these as understood by those skilled in the art, allowinga customer to obtain a loan without the need to walk into a brick andmortar location. Similarly, embodiments of the present inventionprovide, for example, for cancelling an advance through a call to acustomer service center by the computer server 307, 403.

Embodiments of the present invention provide, for example, for extendingan amount of credit to the enrolled consumer by the computer server 307,403 through the line of credit program. The amount of credit extendeddefines a consumer credit limit. The consumer credit limit is cappedthrough underwriting criteria to ensure that no more than apredetermined percentage of a consumer's historic direct deposit amount,or take home pay, is required for minimum repayments associated with theline of credit program. In addition, embodiments of the presentinvention can, for example, provide for a maximum allowable consumercredit limit that is less than the cap determined by the underwritingcriteria. That is, the line of credit program embodiments of the presentinvention can include a ceiling, e.g., $1,000, on the amount creditavailable to any consumer. For example, if a consumer's historic directdeposit amount or take home pay were such that the underwriting criteriawere to suggest a consumer credit limit of e.g., $1,500, but the maximumallowable consumer credit limit under the program is, e.g., $1,000, thenthe credit limit for the consumer can be, e.g., $1,000, despite theunderwriting writing criteria.

Embodiments of the present invention provide, for example, forincreasing or decreasing the consumer credit limit by the computerserver 307, 403 in predetermined increments, e.g., $100 increments, andfor notifying the consumer of changes in the consumer credit limitthrough e-mail, traditional mail, or both. If the consumer gets a raiseor otherwise experiences an increase in take home pay, the consumercredit limit can be increased. If the consumer's take home pay islowered by wages being garnished by the employer or otherwise, theconsumer credit limit can be decreased. The changes in the consumercredit limit by the computer server 307, 403 can be immediate andautomatic, responsive to changes with the direct deposit.

Embodiments of the present invention provide, for example, for activemonitoring of the line of credit program by the computer server 307, 403and suspending the consumer's access to funds in the event ofirresponsible or risky behavior. Such behavior can include, for example,a missed payment, an interruption in direct deposits, a negative cardbalance, a preselected threshold number of consecutive loans from theline of credit program within a preselected time period, or acombination thereof as understood by those skilled in the art. While theembodiments of the present invention reward responsible behavior by theconsumer with more favorable loan terms, the embodiments also denyaccess to the favorable terms in the event of irresponsible behavior,protecting the lender from further risk exposure and protecting theconsumer from the effects additional over-borrowing.

Embodiments of the present invention advantageously provide consumerprotection for the line of credit product, as well as monitoring,control, and management by a bank, which can be a significant benefitfrom the perspective of the customer, regulators, and public opinionthrough consumer activists. The financial institution can be, forexample, a federally chartered bank according to embodiments of thepresent invention. In addition, the line of credit program can be bankproduct, with monthly statements documenting all fees assessed, so thatthe line of credit program complies with federal Regulation Z, asunderstood by those skilled in the art.

For example, as illustrated in FIG. 6, a customer C can go on-linethrough a computer or IVRU 22 in a system 20 to register at a websiteusing a program product according to embodiments of the presentinvention and launched from a server, e.g., at a loan processor,underwriting organization, bank, lending institution, other financialinstitution, payroll processing company, or other entity which canprovide the line of credit product, among others, as will be understoodby those skilled in the art. The form or qualification parameters can beconsistent with one or more underwriting organizations or institutionsor set/defined by the bank or lending institution.

As understood by those skilled in the art, a loan, micro-loan,repayment, line of credit, or other type of payment processor, such asprovided by First Data Corp., Total Systems, Inc., Fidelity NationalInformation, Inc., or as custom developed by a bank, a financialinstitution, or other organization, operates to provide a customerinterface on a line of credit or micro-loan request and determines andecides whether a potential or existing customer qualifies for a line ofcredit product. This line of credit or loan processor 315, for example,can be outsourced by a bank if desired, and numerous different loanprocessors or entities that handle this function can be used as well(see, e.g., FIG. 3 with computer server 315 handling the paymentprocessor and interface access roles for customer lines of credit 317,for example). If the customer qualifies, the credentials can be passedto a bank or other financial institution 305 or other organization, andthen a flag, code, notation, or other identifier can be associated witha customer's profile so that when the customer desires to access theline of credit, e.g., through a customer purchase transaction using theprepaid card, the process acknowledges the identifier to then allowincremental micro-loans on the line of credit to be granted as describedherein. Notably, often a loan or other type of payment processor is cardprocessor specific, and in this instance, a dedicated card processor(see, e.g., prepaid card processor 311 in FIG. 3, and this processorlikewise can be associated with computers and have a customer prepaidcard account 313 associated with or processed thereby as understood bythose skilled in the art) can be used, but also as shown in FIG. 6 anddescribed further in U.S. Provisional Patent Application Ser. No.61/029,975 titled “Methods To Advance Loan Proceeds on Prepaid Cards,Associated Systems and Computer Program Products” filed on Feb. 20, 2008and incorporated herein by reference methods can be used as well tohandle card interface to a variety of card processors (e.g., MetavanteCorporation (“Metavante”) of Milwaukee, Wisconsin) as understood bythose skilled in the art.

The customer transaction using a prepaid card, for example, can thencause the request for the loan advance through the line of creditprocessor or other payment processor. The credit processor then postsnotification of the micro-loan request through an API Post to post theloan advance in real time through an API Router 32 as understood bythose skilled in the art. The API Router 32 passes the request through asecurity firewall 35 which passes the request through the API to a cardprocessor 42, such as Metavante, and Process to API 44. This informationcan be compared to flat files 46, 60, 70, e.g., data files that have nostructural relationship as understood by those skilled in the art, orflat files database and the bank or institution reconciles the loantransaction with the customer's line of credit or other account 62. Somecard processors, for example, provide additional processor interfaces orallow development of additional processor interfaces, as understood bythose skilled in the art, (see, e.g., API to Program Manager 52 (e.g.,Program Manager operations, for example, can be provided by variousfinancial solution/program management companies, such as AccountNow ofSan Ramon, Calif., as understood by those skilled in the art), programmanager 54, and Program Manager API 56) such as Metavante card processor58 should such processor be used by the credit processor or otherpayment processor for a customer transaction.

Embodiments of systems, program products, and computer-implementedmethods of the present invention can include, for example, forsubstantially all programs if desired, features such as any repayment ofdraws on the line of credit can be automatically collected from the nextseveral electronic deposits regardless of payment source. As paymentsare received, fees also can be paid first then the payment applied tothe oldest outstanding draw amount. When payments are received, totalavailable line limit is restored by the payment amount. If funds fromthe electronic deposit are not sufficient to cover the expected payment,a partial repayment can be made in the full amount of the electronicdeposit resulting in an unpaid balance on the line. Repayment of theremaining unpaid balance can be taken from subsequent electronicdeposits until the line has been paid in full. Other cash equivalentrepayment options also can be accepted and processed by a line of creditprocessor as understood by those skilled in the art.

It will also be understood by those skilled in the art that embodimentsof the line of credit product or program product, for example, can beassociated with a payroll processing company that processes directdeposits (see, e.g., FIG. 7). Embodiments of the program product andcomputer-implemented methods can be added to product or serviceofferings by the payroll processing company 710 so that it can beoffered to their customers independent of bank or product (DDA orpayroll card), by taking money or funds out at the source 710, e.g., asthe payroll file is prepared 720 and before the direct deposit is evenoriginated, or loaded onto a prepaid card, for example, 52, so that loanrepayment from direct deposit funds occurs prior to the direct depositfunds being made available in the consumer's account. These embodimentscan also allow the processing company 710 to have more directinformation on employment history. A payroll processing company 710 canalso use a loan processing system 740, loan processor, or other paymentprocessor either within their facilities or as an outsourcing entity toallow the provision of enrolling and providing customer payrollinformation 724 and for tracking and reconciling repayment or updatedcustomer payroll information with repayments pulled 744. The payroll canbe sent, loaded or processed by a payroll processor 730 for ACHtransmittal, check generation, or card loading/providing, for example(see, e.g., FIG. 7). These embodiments of associatedcomputer-implemented methods, for example, can include providing aprepaid card to an employee who gets direct deposit to a DDA whereby theconsumer borrow funds from the service/product and has those fundsdirect deposited onto the card instantly and repaid by pulling fundsfrom the direct deposit file prior to sending to the other bank accountto repay the amount withdrawn. An example of and more details on howrepayment can be accomplished is illustrated in U.S. Provisional PatentApplication Ser. No. 61/016,213 titled “Transfer Account Systems,Computer Program Products, and Associated Methods” filed on Dec. 21,2007 which is incorporated herein by reference in its entirety.

Additionally, along these lines, any repayment of a line supersedesrepayment of a negative balance on a card due to force posts orsettlement transactions that cause the card to go negative. Any moniesremaining after a payment is received can be credited to the prepaidcard account. If payment takes the card balance to $0, any transactionsattempted with the card can be declined. Those transactions can besubject to any related decline fees. Repayment of a draw, for example,should not be taken from the principal balance on a card. That is, if acard balance is positive prior to a draw, only when the next electronicdeposit is initiated to the card will repayment be triggered. If a drawis not paid within the preselected time period, preferably days, e.g.,35 day timeframe, any amount owed can be taken from the principalbalance on a card.

In an embodiment of a computer-implemented method 100 of advancing fundsusing a prepaid card to a customer of a retailer, as illustrated in FIG.1, the computer-implemented method 100 includes determining eligibilityfor a line of credit program from a financial institution responsive toa consumers prior enrollment in a payroll prepaid card program and oneor more of the following: the consumers historical direct deposit data,and data associated with the consumer's historical behavior in thepayroll card program 103. The computer-implemented method also includesenrolling the consumer in the line of credit program through an on-lineprocess, the consumer having been determined enrollment being responsiveto an acceptance of terms and conditions of the line of credit programby the consumer 105. The computer-implemented method further includesextending an amount of available credit to the enrolled consumer throughthe line of credit program defining a consumer credit limit, theconsumer credit limit being capped through underwriting criteria toensure that no more than a predetermined percentage of a consumer'shistoric direct deposit amount is required for minimum repaymentsassociated with the line of credit program 107. The computer-implementedmethod also includes receiving authorization for an advance under theline of credit program from the consumer by the computer server 307, 403so that the consumer authorizes all advances 109 and assessing a loanadvance fee of a predetermined percentage of the value of the advance111. The computer-implemented method further includes receiving loanrepayments over one or more predetermined direct deposit periods 113 andchanging the consumer credit limit 115.

The computer-implemented method can further include notifying theconsumer of changes in the consumer credit limit through one or more ofthe following: e-mail, and traditional mail. The computer-implementedmethod can include cancelling an advance through a call to a customerservice center by the computer server 307, 403 and suspending access tofunds under the line of credit program if one or more of the followingevents occur: a missed payment, an interruption in direct deposits, anegative card balance, and a preselected threshold number of consecutiveloans from the line of credit program.

In an embodiment of a computer-implemented method of advancing fundsusing a prepaid card to a customer of a retailer, as illustrated in FIG.2, the computer-implemented method 200 includes determining eligibilityfor a line of credit program from a financial institution by thecomputer server 307, 403 responsive to a consumer's prior enrollment ina payroll prepaid card program and one or more of the following: theconsumer's historical direct deposit data, and data associated with theconsumer's historical behavior in the payroll card program 203. Thecomputer-implemented method also includes extending an amount ofavailable credit to the consumer by the computer server 307, 403 throughthe line of credit program defining a consumer credit limit, theconsumer credit limit being capped through underwriting criteria toensure that no more than a predetermined percentage of a consumer'shistoric direct deposit amount is required for minimum repaymentsassociated with the line of credit program 205. The computer-implementedmethod further includes receiving loan repayments over one or morepredetermined direct deposit periods 207.

Method embodiments of the present invention can advantageously beimplemented by a computer as understood by those skilled in the art.

An embodiment of a system 300 to advance funds to a customer of aretailer, as illustrated in FIGS. 3-7, for example, includes a pluralityof customer access interface devices 301 and a remote computer server307 positioned to provide communication with each of the plurality ofcustomer access interface devices 301, being associated with a financialinstitution 305, and having memory. The system also includes programproduct 308, 401, 500 stored in the memory of the computer server sothat the program product operates to perform various instructions, suchas determining eligibility for a line of credit program from a financialinstitution responsive to a consumer's prior enrollment in a payrollprepaid card program and one or more of the following: the consumer'shistorical direct deposit data, and data associated with the consumer'shistorical behavior in the payroll card program. The instructions canalso include enrolling the consumer in the line of credit programthrough an on-line process, the consumer having been determinedeligible, enrollment being responsive to an acceptance of terms andconditions of the line of credit program by the consumer. Theinstructions can further include extending an amount of available creditto the enrolled consumer through the line of credit program defining aconsumer credit limit, the consumer credit limit being capped throughunderwriting criteria to ensure that no more than a predeterminedpercentage of a consumer's historic direct deposit amount is requiredfor minimum repayments associated with the line of credit program. Theinstructions can also include receiving authorization for an advanceunder the line of credit program from the consumer so that the consumerauthorizes all advances, assessing a loan advance fee of a predeterminedpercentage of the value of the advance, receiving loan repayments overone or more predetermined direct deposit periods, and changing theconsumer credit limit by preselected increments responsive to a changein the consumer's direct deposit amount.

The system can also include a second computer associated with a customerprepaid card account 313 defining a prepaid card processor 311. Theprepaid card processor 311 is in communication with the financialinstitution computer server 307 through an electronic communicationsnetwork 309. As understood by those skilled in the art, the electroniccommunication network 309 can be a global communication network like theInternet, World Wide Web, or Web 2.0; a banking type of network; or aretail, customer or intranet type of network.

In an embodiment of a program product 401 stored in one or more tangiblecomputer readable media 405 and readable by a computer 403, asillustrated in FIG. 4, for example, the program product 401 can operateto perform the various instructions 407 when read by the computer 403,such as determining eligibility for a line of credit program from afinancial institution responsive to a consumer's prior enrollment in apayroll prepaid card program and one or more of the following: theconsumer's historical direct deposit data, and data associated with theconsumer's historical behavior in the payroll card program 409. Theinstructions can also include enrolling the consumer in the line ofcredit program through an on-line process, the consumer having beendetermined eligible, enrollment being responsive to an acceptance ofterms and conditions of the line of credit program by the consumer 411.The instructions can further include extending an amount of availablecredit to the enrolled consumer through the line of credit programdefining a consumer credit limit, the consumer credit limit being cappedthrough underwriting criteria to ensure that no more than apredetermined percentage of a consumer's historical direct depositamount is required for minimum repayments associated with the line ofcredit program 413. The instructions can include receiving authorizationfor an advance under the line of credit program from the consumer sothat the consumer authorizes all advances 415, assessing a loan advancefee of a predetermined percentage of the value of the advance 417,receiving loan repayments over one or more predetermined direct depositperiods 419, and changing the consumer credit limit by preselectedincrements responsive to a change in the consumer's direct depositamount 421.

The program product can further operate to perform the instructions of:notifying the consumer of changes in the consumer credit limit throughone or more of the following: e-mail, and traditional mail; suspendingaccess to funds under the line of credit program if one or more of thefollowing events occur: a missed payment, an interruption in directdeposits, a negative card balance, and a preselected threshold number ofconsecutive loans from the line of credit program; and cancelling anadvance through a call to a customer service center.

Embodiments of the present invention provide, for example, for a programproduct 500 associated with a bank or other financial or lendinginstitution implemented in modules or components, as illustrated in FIG.5. An enrollment interface module 501 can, for example, can provide anon-line process for enrollment, requiring the consumer to accept termsand conditions of the line of credit program, including, for example, aprivacy policy, and requesting an e-mail address for statement purposes.An underwriting analyzer component 505 of a bank program product 500 canreceive underwriting information and make the determine whether to offera line of credit or other product to the customer as understood by thoseskilled in the art. Favorable underwriting information can include, forexample, good behavior in a prepaid card program, direct deposithistory, an account in good standing, not overdrawn, cancelled, ordefault, and continued direct deposit, as understood by those skilled inthe art. In addition, the underwriting analyzer embodiments of thepresent invention can determine a credit limit responsive to a directdeposit history, as described herein and as understood by those skilledin the arts. Also, a loan advance and fee manager module 503 deals withextending available credit as determined by the underwriting analyzer505, receiving authorization from a customer for an advance, determiningwhether to advance funds, providing loans, assessing a fee of apredetermined percentage of the loan advance amount, calculatingavailable credit, managing repayments, and other associated tasks asunderstood by those skilled in the art. Other architectures andorganizations will be understood by those skilled in the art to beincluded within the embodiments of the present invention. Programproducts and computerized or computer-implemented methods can beimplemented in a variety of software and programming languages,including without limitation hypertext markup language (“HTML”), Java,C, C++, XML, and others as understood by those skilled in the art.

A person having ordinary skill in the art will recognize that varioustypes of memory are readable by a computer such as described herein,e.g., bank computer, computer server, financial institution computer,prepaid card processors, or other computers with embodiments of thepresent invention. Examples of computer readable media include but arenot limited to: nonvolatile, hard-coded type media such as read onlymemories (ROMs), CD-ROMs, and DVD-ROMs, or erasable, electricallyprogrammable read only memories (EEPROMs), recordable type media such asfloppy disks, hard disk drives, CD-R/RWs, DVD-RAMs, DVD-R/RWs,DVD+R/RWs, flash drives, memory sticks, and other newer types ofmemories, and transmission type media such as digital and analogcommunication links. For example, such media can include operatinginstructions, as well as instructions related to the system and themethod steps described above and can operate on a computer. It will beunderstood by those skilled in the art that such media can be at otherlocations instead of or in addition to the locations described to storeprogram products, e.g., including software, thereon. Embodiments of asystem to advance funds to a customer, for example, can include aplurality of customer access interface devices as illustrated anddescribed herein and one or more remote computer servers positioned toprovide communication with each of the plurality of customer accessinterface devices and being associated with a financial institution.Each of these computer servers, for example, can having one or more ofthese various types of memory as understood by those skilled in the art.

This application is a continuation of and claims priority and thebenefit to U.S. patent application Ser. No. 12/338,712, by Sorbe et al.,titled “Computer-Implemented Methods, Program Product, and System toEnhance Banking Terms Over Time,” filed Dec. 18, 2008, which claimspriority to and the benefit of: U.S. Provisional Patent Application Ser.No. 61/016,213, by Sorbe et al., titled “Transfer Account Systems,Computer Program Products, and Associated Methods” filed Dec. 21, 2007;U.S. Provisional Patent Application Ser. No. 61/052,454, by Sorbe etal., titled “Transfer Account Systems, Computer Program Products, andMethods to Prioritize Payments from Preselected Bank Account” filed May12, 2008; U.S. Provisional Patent Application Ser. No. 61/029,975, bySorbe et al., titled “Methods To Advance Loan Proceeds On Prepaid Cards,Associated Systems and Computer Program Products” filed on Feb. 20,2008; U.S. Provisional Patent Application Ser. No. 61/042,612, by Ahlerset al., titled “System, Program Product, and Associated Methods ToAutodraw for Micro-Credit Attached to a Prepaid Card ” filed on Apr. 4,2008; U.S. Provisional Patent Application Ser. No. 61/042,624, by Croweet al., titled “System, Program Product, and Method To Authorize Drawfor Retailer Optimization” filed on Apr. 4, 2008; U.S. ProvisionalPatent Application Ser. No. 61/032,750, by Ahlers et al., titled“Methods, Program Product, and System for Micro-Loan Management” filedon Feb. 29, 2008; U.S. Provisional Patent Application Ser. No.61/060,559, by Galit et al., titled “Methods, Program Product, andSystem to Enhance Banking Terms Over Time” filed on Jun. 11, 2008; U.S.Provisional Patent Application Ser. No. 61/082,863, by Ahlers et al.,titled “System, Program Product, and Method For Debit Card and CheckingAccount Autodraw” filed on Jul. 23, 2008; U.S. Provisional PatentApplication Ser. No. 61/053,056, by Galit et al., titled “System,Program Product, and Method For Loading a Loan On a Pre-Paid Card” filedon May 14, 2008, all of which are each incorporated herein by referencein their entireties. This application also relates to U.S. patentapplication Ser. No. 12/338,365, by Sorbe et al., titled “TransferAccount Systems, Computer Program Products, and AssociatedComputer-Implemented Methods” filed on the same day as this application,Dec. 18, 2008; U.S. patent application Ser. No. 12/338,402, by Sorbe etal., titled “Transfer Account Systems, Computer Program. Products, andAssociated Computer-Implemented Methods” filed on the same day as thisapplication, Dec. 18, 2008; U.S. patent application Ser. No. 12/338,440,by Sorbe et al., titled “Transfer Account Systems, Computer ProgramProducts, and Associated Computer-Implemented Methods” filed on the sameday as this application, Dec. 18, 2008; U.S. patent application Ser. No.12/338,584, by Sorbe et al., tilled “Transfer Account Systems, ComputerProgram Products, and Computer-Implemented Methods to PrioritizePayments from Preselected Bank Account” filed on the same day as thisapplication, Dec. 18, 2008; U.S. patent application Ser. No. 12/338,465,by Sorbe et al., titled “Transfer Account Systems, Computer ProgramProducts, and Computer-Implemented Methods to Prioritize Payments fromPreselected Bank Account” filed on the same day as this application,Dec. 18, 2008; U.S. patent application Ser. No. 12/338,684, by Ahlers etal., titled “Computer-Implemented Methods, Program Product, and Systemfor Micro-Loan Management” filed on the same day as this application,Dec. 18, 2008, all of which are each incorporated. herein by referencein their entireties.

1. A financial institution computer to access to a line of creditassociated with a prepaid card account, the financial institutioncomputer comprising: an input/output unit; one or more processors; andone or more non-transitory memories encoded with computer program, thecomputer program comprising a set of instructions that, when executed bythe one or more processors, operates to perform the operations of:establishing a line of credit account associated with one or more of aplurality of existing prepaid card accounts for a consumer responsive toreceiving an indication that the consumers is eligible for the line ofcredit account, eligibility being at least partially based on theconsumer's historical use of the one or more of the plurality ofexisting prepaid card accounts, the line of credit account adapted to bedrawn in at least one of a plurality of separate predetermined loanincrements each being equal in value and less than a total credit limit;determining a number of separate predetermined loan increments to beadded to the one or more of the plurality of existing prepaid cardaccounts from the line of credit account responsive to receiving datafrom one or more of a plurality of access interface devices; loading theone or more of the plurality of existing prepaid card accounts with atleast one of the plurality of separate predetermined loan incrementsthat corresponds with the number of separate predetermined loanincrements to thereby define loaded increments responsive to the loadedincrements being equal to or less than an available balance of the lineof credit account; determining a plurality of loan repayment portionsfor a total loan amount based upon a plurality of predetermined directdeposit periods, the total loan amount defined as a total value of aloan advance fee plus the loaded increments, the total value of the loanadvance fee being equal to a predetermined loan advance fee multipliedby the number of separate predetermined loan increments; and deductingone of the plurality of loan repayment portions from a direct depositreceived in the one or more of the plurality of existing prepaid cardaccount during each of the plurality of predetermined direct depositperiods.
 2. A financial institution computer as defined in claim 1,wherein the computer program further comprises instruction that, whenexecuted by the one or more processors, perform the operation of:increasing the total credit limit of the line of credit account by asecond number of separate predetermined loan increments to therebyincrease available credit for the consumer responsive to a change in theconsumer's direct deposit to the existing prepaid card accounts, theincreased available credit adapted to be drawn in at least one of theplurality of separate predetermined loan increments.
 3. A financialinstitution computer as defined in claim 1, wherein the computer programfurther comprises instruction that, when executed by the one or moreprocessors, perform the operation of: reducing the total credit limit ofthe line of credit account by a second number of separate predeterminedloan increments to thereby decrease existing available credit for theconsumer responsive to a change in the consumer's direct deposit to theone or more the plurality of existing prepaid card accounts, the reducedavailable credit adapted to be drawn in at least one of the plurality ofseparate predetermined loan increments.
 4. A financial institutioncomputer as defined in claim 1, wherein each of the one of the pluralityof loan repayment portions are substantially equal in value, whereindetermining eligibility for the line of credit further includesrequiring a minimum age and a government screening process, and whereinthe total credit limit is capped through underwriting criteria so thatno more than a predetermined percentage of the consumer's historicdirect deposit amount to the one or more of the plurality of existingprepaid card accounts is required for a minimum repayment amount.
 5. Afinancial institution computer as defined in claim 1, the computerprogram further comprises instruction that, when executed by the one ormore processors, perform the operation of canceling a draw from the lineof credit account through a call to a customer service center.
 6. Afinancial institution computer as defined in claim 1, wherein thefinancial institution is a federally chartered bank and the line ofcredit is a bank product, and wherein the one of the plurality of loanrepayment portions are deducted from the directed deposit prior to thedirect deposit funds being made available to the consumer. 7.Non-transitory computer-readable medium encoded with computer programand operable on a computer associated with a financial institution todefine a financial institution computer, the computer program operableto access to a line of credit associated with a prepaid card account andcomprising the instructions of: establishing a line of credit accountassociated with one or more of a plurality of existing prepaid cardaccounts for a consumer responsive to receiving an indication that theconsumers is eligible for the line of credit account, eligibility beingat least partially based on the consumer's historical use of the one ormore of the plurality of existing prepaid card accounts, the line ofcredit account adapted to be drawn in at least one of a plurality ofseparate predetermined loan increments each being equal in value andless than a total credit limit; determining a number of separatepredetermined loan increments to be added to the one or more of theplurality of existing prepaid card accounts from the line of creditaccount responsive to receiving data from one or more of a plurality ofaccess interface devices; loading the one or more of the plurality ofexisting prepaid card accounts with at least one of the plurality ofseparate predetermined loan increments that corresponds with the numberof separate predetermined loan increments to thereby define loadedincrements responsive to the loaded increments being equal to or lessthan an available balance of the line of credit account; determining aplurality of loan repayment portions for a total loan amount based upona plurality of predetermined direct deposit periods, the total loanamount defined as a total value of a loan advance fie plus the loadedincrements, the total value of the loan advance fee being equal to apredetermined loan advance fee multiplied by the number of separatepredetermined loan increments; and deducting one of the plurality ofloan repayment portions from a direct deposit received in the one ormore of the plurality of existing prepaid card account during each ofthe plurality of predetermined direct deposit periods.
 8. Non-transitorycomputer-readable medium as defined in claim 7, the computer programfurther comprises the instruction of: increasing the total credit limitof the line of credit account by a second number of separatepredetermined loan increments to thereby increase existing availablecredit for the consumer responsive to a change in the consumer's directdeposit to the one or more the plurality of existing prepaid cardaccounts, the increased available credit adapted to be drawn in at leastone of the plurality of separate predetermined loan increments. 9.Non-transitory computer-readable medium as defined in claim 7, thecomputer program further comprises instruction of: reducing the totalcredit limit of the line of credit account by a second number ofseparate predetermined loan increments to thereby decrease existingavailable credit for the consumer responsive to a change in theconsumer's direct deposit to the one or more the plurality of existingprepaid card accounts, the reduced available credit adapted to be drawnin at least one of the plurality of separate predetermined loanincrements.
 10. Non-transitory computer-readable medium as defined inclaim 8, wherein each of the one of the plurality of loan repaymentportions are substantially equal in value, wherein determiningeligibility for the line of credit further includes requiring a minimumage and a government screening process, and wherein the total creditlimit is capped through underwriting criteria so that no more than apredetermined percentage of the consumer's historic direct depositamount to the one or more of the plurality of existing prepaid cardaccounts is required for a minimum repayment amount.
 11. Non-transitorycomputer-readable medium as defined in claim 7, the computer programfurther comprises instruction of canceling a draw from the line ofcredit account through a call to a customer service center, and whereinthe one of the plurality of loan repayment portions are deducted fromthe directed deposit prior to the direct deposit funds being madeavailable to the consumer.
 12. Non-transitory computer-readable mediumas defined in claim 7, wherein the financial institution is a federallychartered bank and the line of credit is a bank product.
 13. Acomputer-implemented method of accessing a line of credit associatedwith a prepaid card account, the method comprising the steps of:establishing, by a computer associated with a financial institution todefine a financial institution computer, a line of credit accountassociated with one or more of a plurality of existing prepaid cardaccounts for a consumer responsive to receiving an indication that theconsumers is eligible for the line of credit account in a first process,eligibility being at least partially based on the consumer's historicaluse of the one or more of the plurality of existing prepaid cardaccounts, the line of credit account adapted to be drawn in at least oneof a plurality of separate predetermined loan increments each beingequal in value and less than a total credit limit; determining, by thefinancial institution computer, a number of separate predetermined loanincrements to be added to the one or more of the plurality of existingprepaid card accounts from the line of credit account responsive toreceiving data from one or more of a plurality of access interfacedevices; loading, by financial institution computer, the one or more ofthe plurality of existing prepaid card accounts with at least one of theplurality of separate predetermined loan increments that correspondswith the number of separate predetermined loan increments to therebydefine loaded increments responsive to the loaded increments being equalto or less than an available balance of the line of credit account;determining, by the financial institution computer, a plurality of loanrepayment portions for a total loan amount based upon a plurality ofpredetermined direct deposit periods, the total loan amount defined as atotal value of a loan advance fee plus the loaded increments, the totalvalue of the loan advance fee being equal to a predetermined loanadvance fee multiplied by the number of separate predetermined loanincrements; and deducting, by the financial institution computer, one ofthe plurality of loan repayment portions from a direct deposit receivedin the one or more of the plurality of existing prepaid card accountduring each of the plurality of predetermined direct deposit periods.14. A computer-implemented method as defined in 13, further comprising:increasing, by the financial institution computer, the total creditlimit of the line of credit account by a second number of separatepredetermined loan increments to thereby increase available credit forthe consumer responsive to a change in the consumer's direct deposit tothe existing prepaid card accounts, the increased available creditadapted to be drawn in at least one of the plurality of separatepredetermined loan increments.
 15. A computer-implemented method asdefined in 13, the method further comprising: reducing, by the financialinstitution computer, the total credit limit of the line of creditaccount by a second number of separate predetermined loan increments tothereby decrease existing available credit for the consumer responsiveto a change in the consumer's direct deposit to the one or more theplurality of existing prepaid card accounts, the reduced availablecredit adapted to be drawn in at least one of the plurality of separatepredetermined loan increments.
 16. A computer-implemented method asdefined in 13, wherein each of the one of the plurality of loanrepayment portions are substantially equal in value, wherein determiningeligibility for the line of credit further includes requiring a minimumage and a government screening process, and wherein the total creditlimit is capped through underwriting criteria so that no more than apredetermined percentage of the consumer's historic direct depositamount to the one or more of the plurality of existing prepaid cardaccounts is required for a minimum repayment amount.
 17. Acomputer-implemented method as defined in 13, further comprises:canceling, by the financial institution computer, a draw from the lineof credit account through a call to a customer service center.
 18. Acomputer-implemented method as defined in 13, wherein each of the one ofthe plurality of loan repayment portions are substantially equal invalue, wherein determining eligibility for the line of credit furtherincludes requiring a minimum age and a government screening process, andwherein the total credit limit is capped through underwriting criteria,so that no more than a predetermined percentage of the consumer'shistoric direct deposit amount to the one or more of the plurality ofexisting prepaid card accounts is required for a minimum repaymentamount.
 19. A computer-implemented method as defined in 13, wherein theone of the plurality of loan repayment portions are deducted from thedirected deposit prior to the direct deposit funds being made availableto the consumer.
 20. A computer-implemented method as defined in 13,wherein the total credit limit is capped through underwriting criteriaso that no more than a predetermined percentage of the consumer'shistoric direct deposit amount to the one or more of the plurality ofexisting prepaid card accounts is required for a minimum repaymentamount.